USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 29, 1999

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $50,000,000 for a ticket purchased in Delaware, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Delaware

Drawing Date:Fri, Jan 29, 1999
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,572$236,639$49,670$466,263
2$790,200$250,562$52,153$487,485
3$829,710$265,181$54,761$509,769
4$871,196$280,530$57,499$533,167
5$914,756$296,647$60,374$557,734
6$960,493$313,570$63,393$583,531
7$1,008,518$331,339$66,562$610,616
8$1,058,944$349,997$69,890$639,057
9$1,111,891$369,588$73,385$668,919
10$1,167,486$390,157$77,054$700,274
11$1,225,860$411,756$80,907$733,197
12$1,287,153$434,434$84,952$767,767
13$1,351,511$458,247$89,200$804,064
14$1,419,086$483,250$93,660$842,177
15$1,490,041$509,503$98,343$882,195
16$1,564,543$537,069$103,260$924,214
17$1,642,770$566,013$108,423$968,334
18$1,724,908$596,404$113,844$1,014,661
19$1,811,154$628,315$119,536$1,063,303
20$1,901,711$661,821$125,513$1,114,377
21$1,996,797$697,003$131,789$1,168,006
22$2,096,637$733,943$138,378$1,224,315
23$2,201,469$772,731$145,297$1,283,441
24$2,311,542$813,458$152,562$1,345,522
25$2,427,119$856,222$160,190$1,410,707
26$2,548,475$901,124$168,199$1,479,152
27$2,675,899$948,270$176,609$1,551,019
28$2,809,694$997,774$185,440$1,626,480
29$2,950,178$1,049,754$194,712$1,705,713
30$3,097,687$1,104,332$204,447$1,788,908
Total$50,000,000$17,245,633$3,300,002$29,454,367

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.